Gold bar

A gold bar, also called gold bullion or a gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping.

Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.

The kilobar, which is 1000 grams in mass (32.15 troy ounces), is the bar that is more manageable and is used extensively for trading and investment. The premium on these bars when traded is very low over the spot value of the gold making it ideal for small transfers between banks and traders. Most kilobars are flat, although some investors, particularly in Europe, prefer the brick shape.

Types

Gold bars are classified into two different types, cast and minted, based on their method of manufacturing. Cast bars are made by pouring molten gold into an ingot mold to shape the gold product. Minted bars are made from gold blanks that have been hand cut to the required dimensions from a flat piece of gold. Markings are almost always applied by presses.

Gold Bar, Edmonton

The neighbourhood's west boundary is 50 Street. The northern boundary follows a zig zag path running north east from 50 Street until it reaches the Gold Bar Ravine. The Gold Bar Ravine forms the neighbourhood's eastern and southern boundaries, while 101 Avenue runs just to the south of the neighbourhood.

Demographics

In the City of Edmonton's 2012 municipal census, Gold Bar had a population of 7003284000000000000♠2,840 living in 7003119400000000000♠1,194 dwellings, a 4.5% change from its 2009 population of 7003271700000000000♠2,717. With a land area of 1.01km2 (0.39sqmi), it had a population density of 7003281190000000000♠2,811.9 people/km2 in 2012.

Residential development

While a few of the residences in Gold Bar, according to the 2001 federal census, were built before the end of World War II, two out of every three (66.7%) of all residences in the neighbourhood were built between 1946 and 1960. Another one in four (22.8%) were built during the 1960s. The remaining residences in the neighbourhood were built after 1970.